Learning from RECENT MARCH MADNESS and London's Q1 Real Estate results

Well folks, I’ve been a little less mobile lately—turns out a shiny new hip courtesy of one of Ontario’s finest surgeons (Thank you Dr Petis) will do that to a guy. So, while I’ve been housebound and icing the hip, I’ve also had time to dive deep into the latest London and St. Thomas real estate stats. And let me tell you—there’s a chill in the air, and I’m not just talking about the ice packs.

March 2025 wasn’t just slow. It crawled.

We saw only 508 residential sales, down 33.5% from last year, and a staggering 54% from the sugar-rush of 2022. That’s fewer deals than a Timmy’s roll-up win.

The total dollar volume also took a hit—$326 million, which is down nearly 34%. Even with more homes on the market, the buyers weren’t biting. The sales-to-new listings ratio sank to 41.5%, and inventory levels ballooned to 2,442 active listings, nearly 3x higher than two years ago.

So, what does that mean for you? If you’re a buyer: opportunity is knocking—quietly. If you’re a seller: price sharp, stage smart, and prep for longer days on market.

Average prices stayed pretty flat:

• Average home price: $643,159

• Median price: $590,000
  But homes are sitting longer—23.5 days on market, up from just 6 days in 2022.

Key takeaway: We’re not in a buyer frenzy anymore. This is strategy season. Having the right mortgage setup, flexible financing, and a solid plan is more important than ever.

Let Mortgage Teacher make sense of this market—before it starts moving again.

– Michael